
Workers' compensation insurance is becoming one of the fastest growing costs for employers. Billions of dollars in benefits are paid to injured individuals under state workers' compensation programs every year. In addition to these direct costs, there are also indirect costs related to workers' compensation for example, expenses due to lost productivity, employee replacement, retraining and lowered employee morale. In sum, the total cost of workers' compensation has increased dramatically, so companies must look for ways to save money.
Many companies set up safety programs to reduce or eliminate workplace accidents, injuries and illnesses and thus the costs that go with them. Creating a safety program is a good step, but it's also important to have a program to manage injuries and illnesses when they occur. In addition to controlling costs, good management of workers' compensation helps employers look out for the well being of employees. This type of program gives employers a way of staying closely involved and informed after employees report injuries or illnesses.
The Blueprints for Safety® Workers' Compensation Management Program will take you through all the steps needed to create a workers' compensation management program for your company.
In setting up your workers' compensation management program, you should focus on meeting these goals, or outcomes:
Everyone in the company will clearly understand the process for dealing with workers' compensation.
The company will be able to effectively manage the costs associated with employee injuries and illnesses.
Supervisors and managers will be trained to understand workers' compensation management and committed to making this process work.
The company will have clear working relationships with its insurance carrier and medical providers.
By creating and maintaining a workers' compensation management program, you can make sure that injured or ill employees will be treated appropriately and also demonstrate your concern for their overall health. In addition, you can help employees return to work as quickly as possible and control the costs of workers' compensation.